Product Costing for Designers Master Class TM
With Real Time Case Study and Case Method
Updated on Jun, 2025
Language - English
Design,User Experience Design,Product Design
Lectures -11
Duration -57 mins
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Course Description
About the Master Class:
This course teaches students about the costing knowledge which is required being a designer. Basic elements and components of costing have been discussed in detail along with different types of costing such as reference costing zero is costing and comparative costing. Also many components names like inventory cost machine hour rate labour cost overheads cost profit margins parking cost has been discussed in detail to get a complete view for designers when it comes to material costing.
Design philosophy:
As I used to say in my design courses, that design cannot be learned in the rot learning or Text book way of learning that you do through a chapter wise and remember some formulas that will yield you some solutions. Design is unique and when different people approach the same problems we will get different solutions based on the inputs that designer works on.
So design can be approached in the way of learning through the case studies and by doing action on your own to learn yourself.
Learning by doing and learning by action.
Goals
Benefits of the Master Class:
Students will learn about the components of costing which includes ROMaterial, processing cost, overheads in detail with examples.
Also this course teaches about why materials costing knowledge is required for designers and how it plays a five little role in interfacing with the engineering team with respect to economic and cost restrictions.
In-depth knowledge of machines, our rate and how to arrive for each machine based on the Capex of the machine, overheads of the machine, consumables and non-consumables of the machines, maintenance and its appreciation and appreciation cost.
Students can learn about how costing could be easily put into a product like a pen and how we are able to compare it with the market to see the difference in what mistake you made.
In-depth knowledge of zero based costing and how the elements are playing in that.
Also a very quick based costing which is comparative costing and reference costing can make costing very easy even when you have a confidential or don't know anything about the material we still are able to calculate the cost with the reference costing method.
After attending this course designers will definitely have a very good knowledge about costing and its awareness and that can impact largely when it comes to designing the products more efficiently more cost-effective than putting the value stream in the process of supply chain
Prerequisites
Anyone can learn this class it is very simple
Students are advised to take notes for self-reflection purposes
No prior experience is needed to join this course
Anyone who wants to learn Product Costing for Designers with real time case studies
Curriculum
Check out the detailed breakdown of what’s inside the course
Introduction Product Costing for Designers
1 Lectures
-
Introduction Product Costing for Designers
03:50
03:50
Why Designers needs to Costing ?
1 Lectures
Zero Based Costing
1 Lectures
RAW Material costing
1 Lectures
Processing Cost - Machine Hour Rate
1 Lectures
Overheads cost Invetory, Logistics, Maintenance
1 Lectures
Learnings from Zero based Costing
1 Lectures
Variable costing
1 Lectures
Reference Costing
1 Lectures
10
1 Lectures
Recap Learnings & Conclusion
1 Lectures
Instructor Details
Dr. Noble Arya
Warm greetings.
I am Dr. Noble Arya, a Full-Stack Data Scientist, AI/ML Researcher, and Product Innovator with extensive experience across leading global organizations, including General Electric (GE) and Wipro Technologies.
As the founder of NobleX Infinity Labs®️, a globally recognized platform with prestigious TM® certification, I have had the privilege of mentoring over 100,000 students and 500+ educators across 170 countries. Our educational programs consistently maintain an average course rating of 4.7 out of 5 stars, as rated by more than 100,000 learners.
Academically, I hold a Honorary Doctorate in Artificial Intelligence and Machine Learning, and I am a certified graduate of the Post Graduate Program in Artificial Intelligence and Machine Learning from The University of Texas at Austin, in collaboration with Great Learning. My journey also includes 15+ years of dedicated research and application in AI/ML, Data Science, Deep Learning, and Value Innovation, with a strong grounding in the principles of Pure Consciousness.
I have been honored with over 300 national and international awards in recognition of my contributions to Future Skills, Creativity, Technological Innovation, and Ethical AI. My areas of expertise include Computer Science, Artificial Intelligence, Design Thinking, Super Pure Consciousness, and Value Innovation—acquired through both formal training and self-directed study.
Over the years, I have collaborated with prestigious institutions and organizations such as the Himalayan Institute of Alternatives (Ladakh), Teach for India, Harvard Medical School, University of Texas at Austin, and Toastmasters International. As an entrepreneur, I have successfully scaled two startups from grassroots family initiatives to nationally and internationally recognized enterprises.
My skillset encompasses a broad spectrum, including:-
Real-World Digital and Future Skills
Pure Consciousness and Value Technology
Project Management and Entrepreneurship
Artificial Intelligence and Computer Science
Data Science, Machine Learning, Deep Learning, Design Thinking and Product Development
Having completed over 100 projects in the past decade and a half, I am now committed to democratizing access to transformative education. Through my Udemy courses and YouTube channel, I aim to positively impact millions of learners. My vision for the coming decade is to empower 7 billion people worldwide, both online and offline, with real-life, problem-solving capabilities and ethical applications of AI—grounded in consciousness and compassion.
I invite you to join me on this transformative journey. Follow my work on Udemy and YouTube, and let us build a future where knowledge, technology, and human values uplift all 7+ billion people across the globe.
With deep gratitude to the Creator and to every atom and molecule across all universes, from the beginning to infinity.
With sincere regards,
Dr. Noble Arya
Full-Stack Data Scientist | AI/ML Researcher | Product Innovator
With gratitude till infinity,
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